Many kids love keeping their small treasures safe. But most of the time, they lose them. Parents often struggle to find a place for their child’s tiny items. This problem can be frustrating. Kids need a special place where they can store their precious things. Something that is fun and useful at the same time.
Lisa Lloyd saw this problem and came up with a creative solution. She created Treasure Chest Pets. These are stuffed animals with hidden compartments. Kids can store their small belongings inside these plush toys. It is a fun way to keep things organized. Lisa wanted to expand her business. But she was facing financial difficulties. She needed money to grow her brand.
She decided to pitch her idea to Shark Tank. She asked for $150,000 for 20% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Treasure Chest Pets update to find out!
Treasure Chest Pets Net Worth Shark Tank Update 2025
Lisa Lloyd went on Shark Tank asking for $150,000 for 20% of her company. This meant she thought her business was worth $750,000. She made a deal with Barbara Corcoran and Daymond John for $150,000 for 60%, which means the deal valuation was about $250,000. The episode was aired on October 6, 2009. The company later went out of business around 2012, so the current net worth of Treasure Chest Pets is $0 in 2025.
Lisa made a deal with two sharks. But things did not go as planned. The deal with Barbara Corcoran was not finalized. However, Daymond John still helped Lisa. He used his equity to support the company.
Treasure Chest Pets had a good start. But soon, they faced problems. There were many competitors in the toy industry. Other companies made similar products. This made it hard for Treasure Chest Pets to stand out. In 2011, the company went out of business. Lisa had to shut down the company.
Lisa moved on to new opportunities. She started working in a different field. Now, she writes and speaks about entrepreneurship. She shares her experience and knowledge with others. Unfortunately, the company is no longer in business.
Lisa entered the tank looking for an investment. She needed funds to expand her business. She asked for $150,000 for 20% equity. The sharks had mixed reactions. Some liked the idea. Others were not convinced. After some negotiation, Lisa made a deal with Barbara Corcoran and Daymond John. They made a deal of $150k for 60% equity.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran and Daymond John | $150,000 for 60% equity | N/A | Yes |
| Robert Herjavec | $150,000 loan for no equity | N/A | No |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Kevin Harrington | Out | N/A | N/A |
Treasure Chest Pets Shark Tank pitch
Lisa Lloyd always had a creative mind. She loved coming up with new ideas. She wanted to create something useful and fun for kids. One day, she noticed how children often lost their small items. She thought of a way to fix this problem. She combined stuffed animals with secret compartments. That is how Treasure Chest Pets was born.
At first, Lisa sold her product in small stores. Parents and kids loved the idea. She received positive feedback. But she needed more money to grow her business. She had to manufacture more products and expand to big stores. Lisa put everything she had into her business. But she was struggling financially. She even risked losing her home. Shark Tank was her last hope.
Lisa stepped onto the Shark Tank stage with confidence. She presented Treasure Chest Pets as a fun and functional toy. She showed how kids could store their small belongings inside the plush animals. The sharks listened carefully. Lisa explained her vision. She wanted to sell her product in major retail stores. But she needed $150,000 to make it happen. She offered 20% equity in return.
Lisa shared her sales numbers. She had already made $100,000 in sales. The production cost was $4.75 per toy. She sold them for $19.95 each. The sharks asked questions. Some were impressed. Others had doubts. Keep reading our Treasure Chest Pets update to see what happens next!
Kevin O’Leary: “How do you plan to compete in the toy industry?” Lisa: “I believe my product is unique. Kids love it. Parents see the value. With the right marketing, it can be a big success.”
Kevin Harrington: “Isn’t this just another stuffed animal?” Lisa: “It is more than just a toy. It has a storage feature. Kids can keep their treasures safe. That makes it different.”
Robert Herjavec: “What do you need the money for?” Lisa: “I need the funds to fulfill existing orders and expand to big stores.”
Kevin O’Leary: He did not like the idea. He thought the toy industry was too competitive. He decided not to invest.
Kevin Harrington: He also did not make an offer. He felt the product had a limited market.
Robert Herjavec: He wanted to help Lisa. But instead of investing, he offered a loan. Lisa needed an investor, not a loan. So she did not accept his offer.
Barbara Corcoran: She liked the idea. She offered $50,000 for 50% equity. But Lisa needed more money.
Daymond John: He joined Barbara and added $100,000. Together, they offered $150,000 for 60% equity. Lisa accepted the deal.
Product Availability
From our Treasure Chest Pets update research, the company is no longer in business. Lisa stopped producing the toys in 2011. They are no longer available in stores. Some old units may still be found online. But the company itself has shut down.
Lisa has moved on to a new career. She now focuses on writing and speaking about business. She shares her journey with other entrepreneurs.
Conclusion
Treasure Chest Pets had a great start. Lisa had a creative idea. She got a deal on Shark Tank. But things did not go as expected. The deal with Barbara Corcoran did not go through. The company faced competition. Knock-offs hurt sales. Lisa had to close her business in 2011.
Even though her company failed, Lisa did not give up. She took her experience and used it to help others. She now speaks about entrepreneurship. Her story is an inspiration for many. Not all businesses succeed. But every experience is a learning opportunity.
Treasure Chest Pets may not be around anymore. But Lisa’s journey continues. Who knows? Maybe she will come up with another great idea in the future.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
